Federal Crop Insurance Program: Who Qualifies and What You Get
Learn how this program provides subsidized insurance to protect commercial producers against yield and revenue losses.
The Federal Crop Insurance Program provides subsidized insurance policies designed to protect producers against losses in yield or revenue.
Who it's for
This program is intended for commercial producers of insurable crops.
What you get
You receive insurance coverage that helps protect your business against financial losses caused by changes in crop yields or fluctuations in revenue.
What it costs you
You must pay premium payments to maintain coverage. You cannot buy these policies directly from the government; you must purchase them through a private insurance agent.
The catch to know
The deadlines for purchasing coverage, known as sales closing dates, are very strict. These dates vary depending on the specific type of crop you are growing.
How to apply
- Determine which of your crops are considered insurable.
- Find a private insurance agent to act as your intermediary.
- Review the available policy options and premium costs with your agent.
- Ensure you complete your application before the specific sales closing date for your crop.
For more information, visit the official portal: https://www.rma.usda.gov/